FangQuant › Policy

CSRC and other three ministries issue QFII and RQFII measures

Fang submitted 2020-09-25 20:48:45
It’s reported that with the approval of the State Council, CSRC and other three departments issued the "Measures for Qualified Overseas Institutional Investors and Domestic Securities Futures Investment Management of Qualified Foreign Institutional Investors in RMB". Referred to as "QFII, RQFII Measures".

The amendments to the "QFII and RQFII Measures" and supporting rules mainly involve the following aspects: First, lowering the barriers to entry and operating convenient investment. Combine QFII and RQFII qualifications and system rules into one, relax access requirements, simplify application documents, shorten examination and approval time limits, implement administrative licensing to ease application procedures; remove restrictions on the number of entrusted intermediary agencies, optimize registration record management, and reduce Data reporting requirements. The second is to expand the investment scope steadily and orderly. The new rules allow QFII, RQFIIinvestment National Small and Medium-sized Enterprise share transfer system listed securities, private placement investment funds, financial futures, commodity futures, options, etc., and allow participation in bond buy-back, securities Exchange Financing, and Transfer securities lending transactions. QFII and RQFII can participate in specific trading varieties and trading methods of financial derivatives, etc., and will gradually open up based on the principle of stability and order. The CSRC had discussed with the People’s BANK OF CHINA 、 State Administration of Foreign Exchange Announced after consent. The third is to strengthen continuous supervision. Strengthen cross-market supervision, cross-border supervision and penetrating supervision, strengthen penalties for violations, and refine regulatory measures applicable to specific violations.

Currently no Comments.